17,955 new investors registered on stock exchange in 2015

Daily News Egypt
2 Min Read
The Egyptian stock market indices continued to drop for the fourth consecutive day, reportedly affected by the Greek economic crisis, the drop in China’s capital market and domestic fears of militant attacks. (DNE File / Mohamed Omar)

The Egyptian Stock Exchange (EGX) attracted 17,955 new investors during 2015, compared to 21,672 institutions that were registered during 2014.

Institutions accounted for the largest number of new investors, rising by about 43%, registering 1,686 institutions.

A total of 14,776 Egyptian investors registered in 2015, compared to 846 foreign investors and 495 Arab investors.

As for the institutions that registered in 2015, 404 institutions were Egyptians, compared to 1,198 foreign institutions and 404 Arab ones.

The EGX annual report revealed that individuals accounted for the largest share of transactions in 2015, whereby 61% of all transactions were conducted by individual investors, excluding deals and bonds.

Foreign investors accounted for 28% of the total market transactions during 2015, divided between 20% for non-Arab investors who have registered net purchases of EGP 104m, and 8% for the Arabs who have registered net sales of EGP 212m.

Foreign investment flowing into the EGX was mostly from Europe, with a rate of 39%, after excluding the value of deals and bonds, compared to 29% from Arab investors and 20% from the US and Canada.

The US and Britain acquired 18% and 17% of the total foreign trade in 2015 respectively, followed by Saudi Arabia with a share of 14% of the total foreign transactions.

Meanwhile, market capitalisation of companies listed companies in the Nile Stock Exchange (NILEX) for small and medium-sized enterprises amounted to about EGP 1bn by the end of 2015, versus EGP 430bn market capitalisation for companies registered in the main market.

NILEX saw a 45% increase in trading volumes, boosting the value of traded stocks to EGP 618m throughout the year.

It retained high liquidity compared to the main market, in light of stock turnover during trading sessions, at about 60% compared to 27% for the main market.

The number of shares traded on the NILEX over 2015 amounted to 27 shares.

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